GBP/USD Technical Analysis: 1.2960 bullish target hit on Brexit news

Flavio Tosti Independent Analyst

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
GBP/USD is trading at daily highs as PM May is still looking to reopen the withdrawal agreement.
As forecast last week, 1.2960 targets has been reached to the pip this Tuesday.

GBP/USD 4-hour chart

GBP/USD are trying to regain control as they are attempting to break above the 200 SMA.

GBP/USD 30-minute chart

GBP/USD is trading above the main SMAs suggesting bullish momentum in the short-term.
The level to beat for bulls is 1.2960. The next target to the upside is seen at 1.3000 figure.
Support is at 1.2900 and 1.2800 figure.

Additional key levels

GBP/USD

Overview:
    Today Last Price: 1.2951
    Today Daily change: 23 pips
    Today Daily change %: 0.18%
    Today Daily Open: 1.2928
Trends:
    Daily SMA20: 1.2993
    Daily SMA50: 1.2831
    Daily SMA100: 1.2877
    Daily SMA200: 1.3004
Levels:
    Previous Daily High: 1.294
    Previous Daily Low: 1.2891
    Previous Weekly High: 1.2959
    Previous Weekly Low: 1.2773
    Previous Monthly High: 1.3214
    Previous Monthly Low: 1.2438
    Daily Fibonacci 38.2%: 1.2921
    Daily Fibonacci 61.8%: 1.291
    Daily Pivot Point S1: 1.29
    Daily Pivot Point S2: 1.2871
    Daily Pivot Point S3: 1.2851
    Daily Pivot Point R1: 1.2948
    Daily Pivot Point R2: 1.2968
    Daily Pivot Point R3: 1.2997

Author

Flavio Tosti

Independent Analyst

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